Prosus (Naspers) Agrees to Sell Avito Group to Kismet Capital Subsidiaries

October 14, 2022

Prosus, majority-owned by Naspers, entered into an agreement through its affiliates to sell the Avito Group (Russia classifieds businesses) to purchasers that are subsidiaries of Kismet Capital Group LLC. The transaction values the Avito Group at an aggregate consideration of RUB 151 billion, to be funded via a mix of cash and debt financing, with closing expected in October 2022.

Buyers
Radio Reklama Vologda LLC, Infrastructure Holding-2 LLC
Targets
Avito Group, KEH eCommerce LLC, Avito Holding LLC
Sellers
OLX Global B.V., OLX B.V., KEH Holdings B.V., MIH Technology Holdings B.V., Prosus N.V.
Industry
E-Commerce
Location
Russia
Transaction Type
Divestiture

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